Are you ready to live the ultimate Florida lifestyle? Do you enjoy watersports and spending time on the lake, or swimming in your own private pool, in between playing basketball & pickleball on your own court? Well if you answered yes to any of those questions, 12128 Lakeshore Drive in Clermont is one home that you will not want to scroll past. Perched upon the iconic Lakeshore Drive in Clermont, this unique estate property offers more than one can imagine, and will check more boxes than you even knew you had. Once you've walked up your 125' pavered driveway and are nearing the entry, you can really start to appreciate the exquisite views of Lake Minnehaha, and all that this home has to offer. Across the threshold into the main home, you'll find floor to ceiling windows that set the backdrop for family get-togethers and holiday dinners, along with an abundance of natural light beaming in from every corner. Two generously sized secondary bedrooms (each with their own en-suite bathrooms) are located on the west side of the home, while your new primary suite is located in the back of the home for extra privacy. Not only does this primary bedroom have its own direct access to your private pool, but it also has two separate bathrooms, making it extremely convenient when starting the day. An open kitchen with a SUB ZERO refrigerator, two sinks and granite countertops for as far as the eye can see make it even easier to be the go-to person for hosting. The views from the kitchen are just as spectacular as the lake views, and your eyes are immediately drawn to the crystal blue pool and decadent waterfall feature behind it. Need more space? How about a second dwelling behind the main home, of which has been dubbed a "clubhouse". That's right, this is 1 of 5 homes in Clermont with a built-in bunker into the hillside, with it's own full bathroom, wrap-around bar and it's own separate HVAC unit. This clubhouse would be the epitome of an entertainer's dream, and could double as a media room or even a formal guest home. Adjacent to the pool is a fully insulated and commercial-sized RV Garage/Boat Garage with hurricane panels. Beyond the clubhouse and multiple tiers of professional landscaping awaits a covered pavilion, where you can enjoy watching a game of basketball or pickleball, or even a morning cappuccino. > 160 FEET OF LAKE FRONTAGE ON LAKE MINNEHAHA | WHOLE HOME GENERATOR | SUMMER KITCHEN | NEW ROOF IN 2024 | HVAC IN MAIN HOME IN 2020 | NEW POOL PUMP & POOL RESURFACED WITH PEBBLE TEC IN 2021 | 125' FEET OF PAVERS ON DRIVEWAY | CUSTOM WATERFALL ON POOL DECK | NEW SEPTIC TANK & DRAINFIELD IN 2019 | WHOLE HOME WATER FILTRATION SYSTEM IN 2023 < Please see attached list of itemized updates. Don't you deserve to finally live your best Florida life here?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
